Intevac Announces Appointment of Kevin Barber as Board Chairman
Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, has announced the appointment of Kevin Barber as the new Board Chairman, effective immediately. Barber succeeds David S. Dury, who has served as Board Chairman since 2017 and will remain on the Board until the 2025 annual meeting of stockholders.
Dury has overseen significant upgrades at the Board level, led the hire of CEO Nigel Hunton in 2022, and oversaw the sale of Photonics in 2021. Barber, who joined the Board in 2018, brings relevant expertise from his experience growing businesses such as Synaptics and building semiconductor manufacturing capability.
Intevac's CEO, Nigel Hunton, expressed gratitude for Dury's contributions and confidence in Barber's ability to support the company's growth strategy and deliver shareholder value.
Intevac, Inc. (Nasdaq: IVAC), un importante fornitore di sistemi di lavorazione dei film sottili, ha annunciato la nomina di Kevin Barber come nuovo Presidente del Consiglio, con effetto immediato. Barber succede a David S. Dury, che ha ricoperto il ruolo di Presidente del Consiglio dal 2017 e rimarrà nel Consiglio fino all'assemblea annuale degli azionisti del 2025.
Dury ha supervisionato importanti aggiornamenti a livello di Consiglio, ha guidato l'assunzione del CEO Nigel Hunton nel 2022 e ha gestito la vendita di Photonics nel 2021. Barber, che è entrato nel Consiglio nel 2018, porta con sé competenze rilevanti grazie alla sua esperienza nella crescita di aziende come Synaptics e nello sviluppo delle capacità di produzione di semiconduttori.
Il CEO di Intevac, Nigel Hunton, ha espresso gratitudine per i contributi di Dury e fiducia nella capacità di Barber di supportare la strategia di crescita dell'azienda e di offrire valore agli azionisti.
Intevac, Inc. (Nasdaq: IVAC), un proveedor líder de sistemas de procesamiento de películas delgadas, ha anunciado el nombramiento de Kevin Barber como nuevo Presidente de la Junta, con efecto inmediato. Barber sucede a David S. Dury, quien ha servido como Presidente de la Junta desde 2017 y permanecerá en la Junta hasta la reunión anual de accionistas de 2025.
Dury ha supervisado importantes actualizaciones a nivel de Junta, lideró la contratación del CEO Nigel Hunton en 2022 y supervisó la venta de Photonics en 2021. Barber, quien se unió a la Junta en 2018, aporta experiencia relevante de su trayectoria en el crecimiento de negocios como Synaptics y en la construcción de capacidad de fabricación de semiconductores.
El CEO de Intevac, Nigel Hunton, expresó su agradecimiento por las contribuciones de Dury y su confianza en la capacidad de Barber para apoyar la estrategia de crecimiento de la empresa y generar valor para los accionistas.
인테박, Inc. (Nasdaq: IVAC)는 얇은 필름 처리 시스템의 주요 공급업체로서 Kevin Barber를 새로운 이사회 의장으로 즉시 임명했다고 발표했습니다. Barber는 2017년 이사회 의장이었던 David S. Dury를 이어 맡게 되며, Dury는 2025년 주주 연례회의까지 이사회에 남아 있을 것입니다.
Dury는 이사회 차원에서 중요한 업그레이드를 감독하고, 2022년에 CEO Nigel Hunton의 채용을 주도했으며, 2021년에 포토닉스의 판매를 감독했습니다. Barber는 2018년에 이사회에 합류하였으며, Synaptics와 같은 기업을 성장시키고 반도체 제조 능력을 구축한 경험에서 중요한 전문성을 제공합니다.
인테박의 CEO인 Nigel Hunton은 Dury의 기여에 감사하며, Barber가 회사의 성장 전략을 지원하고 주주 가치를 제공할 수 있는 능력에 대한 신뢰를 표현했습니다.
Intevac, Inc. (Nasdaq: IVAC), un fournisseur majeur de systèmes de traitement de films minces, a annoncé la nomination de Kevin Barber en tant que nouveau président du conseil d'administration, avec effet immédiat. Barber succède à David S. Dury, qui a occupé le poste de président du conseil depuis 2017 et restera au conseil jusqu'à la réunion annuelle des actionnaires de 2025.
Dury a supervisé des mises à niveau significatives au niveau du conseil, a dirigé l'embauche du PDG Nigel Hunton en 2022 et a supervisé la vente de Photonics en 2021. Barber, qui a rejoint le conseil en 2018, apporte une expertise pertinente grâce à son expérience dans la croissance d'entreprises telles que Synaptics et dans le développement de capacités de fabrication de semi-conducteurs.
Le PDG d'Intevac, Nigel Hunton, a exprimé sa gratitude pour les contributions de Dury et sa confiance dans la capacité de Barber à soutenir la stratégie de croissance de l'entreprise et à générer de la valeur pour les actionnaires.
Intevac, Inc. (Nasdaq: IVAC), ein führender Anbieter von Dünnschichtverarbeitungssystemen, hat die Ernennung von Kevin Barber zum neuen Vorstandsvorsitzenden bekannt gegeben, die sofort wirksam ist. Barber folgt auf David S. Dury, der seit 2017 als Vorstandsvorsitzender tätig war und bis zur jährlichen Hauptversammlung der Aktionäre im Jahr 2025 im Vorstand bleiben wird.
Dury hat bedeutende Aktualisierungen auf Vorstandsebene überwacht, die Einstellung von CEO Nigel Hunton im Jahr 2022 geleitet und den Verkauf von Photonics im Jahr 2021 beaufsichtigt. Barber, der 2018 in den Vorstand eintrat, bringt einschlägige Expertise aus seiner Erfahrung beim Wachstum von Unternehmen wie Synaptics und dem Aufbau von Fertigungskapazitäten für Halbleiter mit.
Der CEO von Intevac, Nigel Hunton, drückte seine Dankbarkeit für Durys Beiträge aus und zeigte Vertrauen in Barbers Fähigkeit, die Wachstumsstrategie des Unternehmens zu unterstützen und den Aktionärswert zu steigern.
- Appointment of Kevin Barber as new Board Chairman, bringing relevant industry expertise
- Planned succession strategy indicating organizational stability
- Retention of David Dury on the Board until 2025, ensuring continuity
- Successful sale of Photonics division in 2021, simplifying company focus
- None.
Replacing David S. Dury, Board Chairman Since 2017, as Part of the Company’s Planned Succession Strategy
“I would like to thank David for his meaningful contributions during his time as Board Chairman,” commented Nigel Hunton, Intevac’s president and chief executive officer. “David has proven to be a critical asset to the Company and has been instrumental in many key aspects of the Company’s success. We are pleased to announce Kevin as our new Board Chairman. Kevin has been with us for several years, and his acumen, customer knowledge, proven track record and true technical expertise will make him a continued strong asset to the Company. All of us at Intevac are looking forward to working with both as we continue to execute on our growth strategy and deliver shareholder value.”
Mr. Dury has been the Board Chairman since 2017 and has overseen a number of key deliverables for the Company, including significant upgrades at the Board level in 2018, 2019 and this year. In addition to these appointments, Mr. Dury led the hire of Nigel Hunton as CEO in early 2022. Mr. Dury also successfully oversaw the sale of Photonics in 2021, a move that simplified and focused the Company into one business.
Mr. Barber joined the Board of Directors in 2018, bringing a wealth of expertise that is deeply relevant to his role at Intevac. Mr. Barber has experience growing businesses such as Synaptics, where the touch and display business grew to over
“It has been an honor to work with Intevac's outstanding board members and senior management throughout my tenure as Chairman, and I am delighted to welcome Kevin to the role and look forward to continuing to serve the Company’s Board of Directors at this exciting time,” commented Mr. Dury.
About Intevac, Inc.
Founded in 1991, we are a leading provider of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. As a long-time supplier to the hard disk drive (HDD) industry, our industry-leading 200 Lean® platform supports the majority of the world’s capacity for HDD disk media production, as well as all technology upgrade initiatives currently underway in support of next-generation HAMR (heat-assisted magnetic recording) media. With over 30 years of leadership in designing, developing, and manufacturing high-productivity, thin-film processing systems, we also are leveraging our technology and know-how for additional markets with our groundbreaking TRIO™ platform, which enables high-value coatings to be deployed cost-effectively on an array of glass displays and other substrates, including for consumer devices. For more information call 408-986-9888, or visit the Company's website at www.intevac.com.
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Cameron McAulay
Chief Financial Officer
(408) 986-9888
Claire McAdams
Investor Relations
(530) 265-9899
Source: Intevac, Inc.
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